Colombian entrepreneur ARTURO CALLE once expressed that "The best kept secret for success in business is you should never dare to a bank.
Global economies are debt-driven and banks are the spearhead in this ecosystem aimed at making the poor poorer and poorer. All this with the support of governments worldwide.
If we are honest, the money that the bank gives you for interest to be "saved" is ridiculous. They go from nothing, ie zero (0) to 0.2291% monthly, that is, almost nothing. They in exchange for your ignorance and fear, when they lend they do it at rates not lower than 2.39% monthly, even reaching 3.19% monthly.
Another and not the least important aspect is the services that banks charge their users; we charge even for breathing the air conditioning of the premises where they are located. Let's look at some charges: Withdrawal at ATM own network between $ 1000 and $ 2,500, checkbook of 10 fliers between $ 23,500 and $ 30,440. Additionally, they charge you because you made a mistake, an example of this is, transactions declined by debit card or insufficient funds ranging from $ 900 and $ 2,930 pesos. In short, if you have I charge you and if you do not have too, what beauty !!!
Now, let's talk about ATMs. Most ATMs only deliver up to $ 300,000 or $ 600,000 at a time, so if you need a $ 1.5 million, you must enter the card at least 3 times what it means to pay for these withdrawals a sum of approximately $ 8,000; this percentage is equal to 0.53% in less than 5 minutes. Multiply this by the number of transactions that can be made in one day; friends this is more cost effective than a drop by drop, or that a pyramid. Hear better than a PYRAMID !!!
I will tell you what happened to a user of a bank "X" a very popular bank in Colombia. He enters at 2 o'clock in the afternoon to withdraw a sum of money in this bank and the cashier very oronda tells him that there is no money; who must wait for more people to join the money to pay him. To see gentlemen, this is not the modality of the pyramids, to pay people with money from others? Total !!, Banks equal pyramids.
The question would be: Why is this happening? Because the variables are well known: educational systems aimed at teaching how to get the square root of a lunch box, but no financial education; governmental organizations permeated by the business class at the highest levels, politicians with hands smeared with good "jam" to make the blind, deaf and mute with the recurrent abuses of banks.
The final recommendation is, stop investing your money in legal pyramids, call banks and much less illegal. Learn to invest your money in the best way, but LEARN !!!
By: Leonardo Martínez Salazar
MiMTeam Business Academy Academic Director